India at 3 percent of global manufacturing compared to China’s 30 percent, says MEA Secretary, Economic Relations. 'Corridor will be essential for trade & supply chains after scale-up'.
US-India Joint Statement validates MoU for the India-Middle East-Europe Economic Corridor. It will be taken forward, albeit under a challenging geopolitical scenario in the Middle East.
The Iran-backed Houthi militants of Yemen have been attacking commercial ships in the Red Sea — a gateway to the trade-critical Suez Canal. This has a direct bearing on India’s energy security.
If you think this is mostly a bit of local bother that will smooth itself out as the dislocations of a reawakening global economy ease off, you might be in for a shock.
With cargoes delayed for weeks, the blockage could unleash a flood of claims by everyone affected, from shipping lines to manufacturers and oil producers.
The 'Ever Given', finally floating on its way again, is in the second class of mega freighters. Next-generation ships with a 20-meter draught would be at constant risk of grounding.
Shipping experts anticipate that the disruption will carry over for months because of schedules being upturned and uneven wave of cargo that will hit ports down the line.
Barring her first two Budgets, Nirmala Sitharaman has always ended the year with either a lower fiscal deficit figure than what she had projected or by adhering to the target.
MoSPI proposes to remove closed factories from IIP sample, aiming for truer picture of India’s industrial health in upcoming 2022–23 base series. Plan open to public feedback until 25 November.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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